Profits 13 Mar 2015 12:05
Hang on a minute...
In IG Index news stories yesterday...it stated that Socos profits wer 50% down on 2013
But Socos report states Profit after tax of $14.0 million (2013: $104.1 million) after non-cash $79.5 million of exploration write-offs and $60.5 million impairment of CNV
Had they not had the exploration right offs of £79 m & impairment of £60.5 mil... then if we add this back are the profits more like £153 m. I could be completely wrong but interested in anyones thoughts ..Either way report look good to me as they are taking good steps to control business through down turn so these are no on my watchlist